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There's a 'real risk' Trump could axe the $7,500 electric vehicle tax credit in 2025 -- 3 reasons to act now

By Yahoo! Finance   |   1 year ago
There's a 'real risk' Trump could axe the $7,500 electric vehicle tax credit in 2025 -- 3 reasons to act now

The $7,500 electric vehicle tax credit introduced by the Biden administration may be eliminated by President Trump in 2025, impacting over 250,000 Americans who saved $1.5 billion. This move could slow EV adoption and make it less affordable for middle-income consumers.

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